Ocean Institutional-Grade Decentralized Ethereum ERC20 Token Trading Platform Launches
The Ocean Unveils First Institutional-grade Decentralized Trading Platform
Unlike centralized cryptocurrency or traditional financial asset exchanges, decentralized exchanges never take custody of traders' assets.
John Piotrowski, a former Goldman Sachs Vice President who is now co-founder and CEO of The Ocean, said the non-custodial exchange concept is a natural extension of cryptocurrency and blockchains, but due to a variety of technological and regulatory challenges, no one has successfully built the right platform – until now.
This means assets can never be frozen or stolen, financial flows do not need to rely on inefficient middlemen, and there is no longer any risk of a Lehman Brothers collapse turning into a financial catastrophe.
Bitcoin and blockchain technology promised to achieve this vision, but to date, it remains unrealized. According to The Ocean team, their product makes that brighter financial future a reality, thanks to superior technology, early regulatory adoption, and insight into the minds of both retail and institutional traders
John adds that they have taken the approach to build a properly regulated, high performance, institutional grade platform that replicates the centralized trading experience and offers the full suite of services traders of all types expect, but in a no-risk way.
At launch, The Ocean offers 11 token pairs available for trading, deep liquidity with several market making partners, best-in-class low latency execution, as measured by independent third parties.
They also offered fiat to crypto conversion with TrueUSD. According to Piotrowski they think the most successful companies in the cryptocurrency space will be those who build the right bridges to a decentralized financial future, and that eliminate unnecessary cost, time, and risk.
The Ocean is working actively with with regulators, institutions, and the blockchain community to become a regulated financial exchange that lists all types of cryptocurrencies and tokenized financial products. Although this process will take time, John said they are excited to announce their offerings and partners in the coming weeks and months.
The Ocean is a decentralized (non-custodial) Ethereum and ERC20 token trading platform. Unlike centralized cryptocurrency, stock, or other asset exchanges, The Ocean never takes possession of anything traded on its platform.